CALGARY, Oct. 29 /CNW/ - Bengal Energy Ltd. (TSX: BNG) (the "Company" or "Bengal") announces that Mr. Bradley Johnson has resigned as the Chief Executive Officer, Chairman and a director of the Company citing a desire to pursue other opportunities, effective today. Mr. Johnson shall continue to assist the Company, in a limited consulting role, with respect to the Company's ongoing business development activities. Mr. Johnson has been instrumental to the growth and development of the Company over the past several years and Bengal's Board of Directors and senior management team extend their sincere appreciation to Mr. Johnson for his tireless and dedicated service to the Company.
Current director Mr. Ian Towers has been appointed Chairman of the Board of Directors and Bengal's President, Mr. Chayan Chakrabarty has been appointed Interim Chief Executive Officer. In this capacity, Mr. Chakrabarty will continue his leadership role, overseeing the Company's ongoing programs and initiatives, as supported by Bengal's experienced Board of Directors and its senior management team, comprised of: Bryan Goudie (Chief Financial Officer), Jim Mott (Vice President Exploration) and Rajesh Sonpal (India Country Manager).
Under Mr. Johnson's leadership, Bengal expanded its prospective acreage to 2.2 million net acres, approximately 92% of which is operated. As well, Mr. Johnson spearheaded Bengal's entry into India, strengthened the Company's financial position and established the platform for continued significant growth. "Bradley's contribution to the Company's expanded reach and current strong foundation has been significant" notes Mr. Towers. "Going forward, Bengal will benefit greatly from the vision and enthusiasm Bradley brought to the organization".
About Bengal
Bengal Energy Ltd. is an international junior oil and gas exploration and production company with assets in Australia, India and Canada. The Company is committed to growing shareholder value through international exploration, production and acquisitions. Bengal trades on the TSX under the symbol BNG.
Additional information is available at www.bengalenergy.ca
For further information: For further information:
Bengal Energy Ltd.
Chayan Chakrabarty, President & C.E.O.
(403) 205-2526
Email:[email protected]
Website:www.bengalenergy.ca
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